City Index Mobile Trading Numbers Swell Thanks to Award-Winning App

[12-July-2011]

LONDON, July 12, 2011 /PRNewswire/ --

City Index (http://www.cityindex.co.uk/), a global leader in spread betting and CFD trading, has received much acclaim for its mobile trading output in the last 12 months - culminating in the company winning MoneyAM's 'Best Mobile Trading Platform' award for the second year running.

City Trading™, the company's mobile trading app for the iPhone™, was voted 2010's 'Best Mobile Trading Platform' by readers of both MoneyAM and Shares Magazine. It was also named the FT and Investors Chronicle Innovation of the Year.

The spread betting and CFD trading provider has since released an updated version of City Trading™, including a comprehensive live charting package and newsfeeds from Dow Jones Newswires.

Though awards are always an encouraging sign, the real measure of success for any new trading technology lies in how the trading public embrace it. Joshua Raymond, Chief Market Strategist at City Index, states: "Since the release of City Trading™, the percentage of total trades placed on our mobile platforms has risen from less than 3% to 15%, which underlines just what an impact the City Trading™ app has had on traders' behaviour."Â

Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.

Apple, the Apple logo, iPod, iPod touch, and iTunes are trademarks of Apple Inc., registered in the U.S. and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

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About City Index:

Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.

As a group, we transact over 1.5 million trades in 50 countries every month. We provide access to a range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting.

We constantly look to improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools, competitive spreads, and a high standard of customer support.